Filing Flows › Titan International (TWI) › Q3 2025
Titan International (TWI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Titan International (TWI) reported revenue of $466M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 2.1%, net loss $2.5M (0.5% of revenue).
Titan International, Q3 2025: revenue $466M (+4% year over year), operating margin 2.1%, net loss $2.5M, operating cash flow $41.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $466M | +1% | +4% |
| Operating profit | $9.7M | -4% | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | $41.5M | +190% | -31% |
| Free cash flow | $29.9M | — | -28% |
What changed
Revenue was $466.5M in Q3 2025, up 4% year over year and up 1% from the previous quarter.
Gross margin was 15.2%, up 2.1 points from a year earlier. Operating profit was $9.7M, a 2.1% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 1% margin then. Operating expenses grew 9% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+52%). The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $3.6M loss. Net interest and other expense of $11.1M was the main reason.
Operating cash flow was $41.5M (down 31% year over year). Non-cash charges added back $16.8M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $25.8M. After capital expenditures ($11.6M), free cash flow as the company reports it was $29.9M.
Questions
What was Titan International's revenue in the third quarter 2025?
Titan International (TWI) reported revenue of $466M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +1% from the quarter before.
Was Titan International profitable in the third quarter 2025?
Operating profit was $9.7M (2.1% of revenue) and net loss $2.5M.